BRAG on Nasdaq

Bragg Gaming Group Inc.

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Last updated Oct 16, 2026.

Overview

106.1MRevenue, fiscal 20252
-8.1MNet income, fiscal 20252

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  • TickerBRAG on Nasdaq
  • IndustryServices-Computer Rental & Leasing
  • HeadquartersZ4
  • Incorporated inCanada (Federal Level)3
  • Business address130 King Street West, Suite 1955, Toronto, M5X 1C93
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.

Key numbers, fiscal 2025

55.0%Gross margin2
-5.0%Operating margin2
-7.7%Net margin2
4.0%Revenue growth, 20252
-12.9%Return on equity2
17.6M EURFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

MT brought in 21% of the revenue Bragg Gaming Group Inc. broke down this way in fiscal 2025.

  1. MT22.7M EUR221%up 2% from 2024
  2. Netherlands19.5M EUR218%down 34% from 2024
  3. United States11.5M EUR211%up 102% from 2024
  4. BRMember11.1M EUR210%
  5. Other Country10.5M EUR210%up 13% from 2024
  6. CW6.8M EUR26%down 62% from 2024
  7. MH6.7M EUR26%up 304% from 2024
  8. BE5.3M EUR25%up 13% from 2024
  9. HR4.7M EUR24%down 6% from 2024
  10. IM3.7M EUR24%up 33% from 2024
  11. CZ3.7M EUR23%up 23% from 2024
Regions by year
Regions20242025
MT22.3M EUR22.7M EUR
Netherlands29.7M EUR19.5M EUR
United States5.7M EUR11.5M EUR
BRMember11.1M EUR
Other Country9.3M EUR10.5M EUR
CW17.9M EUR6.8M EUR
MH1.7M EUR6.7M EUR
BE4.7M EUR5.3M EUR
HR5.0M EUR4.7M EUR
IM2.8M EUR3.7M EUR
CZ3.0M EUR3.7M EUR

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢106.1M EUR

Out of 106.1M EUR in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢364.0K EUR
  • Kept or used elsewhere98¢17.6M EUR

Out of 17.9M EUR of cash from operations.2

Financial statements

Revenue45672106.1M EUR in 2025+129% since 2020
050.0M EUR100.0M EUR150.0M EUR2020: 46.4M EUR46.4M EUR20202021: 58.3M EUR58.3M EUR2021+26%2022: 84.7M EUR84.7M EUR2022+45%2023: 93.5M EUR93.5M EUR2023+10%2024: 102.0M EUR102.0M EUR2024+9%2025: 106.1M EUR106.1M EUR2025+4%
Gross profit4567258.3M EUR in 2025+189% since 2020
020.0M EUR40.0M EUR60.0M EUR2020: 20.2M EUR20.2M EUR20202021: 28.3M EUR28.3M EUR2021+40%2022: 45.1M EUR45.1M EUR2022+59%2023: 49.9M EUR49.9M EUR2023+11%2024: 54.0M EUR54.0M EUR2024+8%2025: 58.3M EUR58.3M EUR2025+8%
Operating income45672-5.3M EUR in 2025−55% since 2020
-15.0M EUR-10.0M EUR-5.0M EUR02020: -11.9M EUR-11.9M EUR20202021: -6.3M EUR-6.3M EUR2021−47%2022: -828.0K EUR-828.0K EUR2022−87%2023: -777.0K EUR-777.0K EUR2023−6%2024: -3.5M EUR-3.5M EUR2024+356%2025: -5.3M EUR-5.3M EUR2025+50%
Net income45672-8.1M EUR in 2025−44% since 2020
-15.0M EUR-10.0M EUR-5.0M EUR02020: -14.6M EUR-14.6M EUR20202021: -7.5M EUR-7.5M EUR2021−48%2022: -3.5M EUR-3.5M EUR2022−54%2023: -3.8M EUR-3.8M EUR2023+10%2024: -5.1M EUR-5.1M EUR2024+34%2025: -8.1M EUR-8.1M EUR2025+58%

Every line of the income statement in the latest annual report, as filed.2

Period ending2025-12-312024-12-31
Revenue106.1M EUR102.0M EUR
Cost of revenue-47.7M EUR-48.0M EUR
Gross Profit58.3M EUR54.0M EUR
Selling, general and administrative expenses-63.5M EUR-57.8M EUR
Loss on remeasurement of derivative liability-94.0K EUR
Gain on settlement of convertible debt169.0K EUR
(Loss) Gain on remeasurement of deferred consideration-157.0K EUR132.0K EUR
Operating Loss-5.3M EUR-3.5M EUR
Net interest expense and other financing charges-1.1M EUR-3.2M EUR
Loss Before Income Taxes-6.4M EUR-6.7M EUR
Income taxes (expense) recovery-1.7M EUR1.6M EUR
Net Loss-8.1M EUR-5.1M EUR
Cumulative translation adjustment-4.8M EUR2.4M EUR
Remeasurement of employee obligations17.0K EUR-25.0K EUR
Net Comprehensive Loss-12.9M EUR-2.8M EUR
Basic Loss Per Share-0.32 EUR-0.21 EUR
Diluted Loss Per Share-0.32 EUR-0.21 EUR
Weighted average number of shares - basic25.3M shares24.3M shares
Weighted average number of shares - diluted25.3M shares24.3M shares

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Recent filings

  1. Oct 13, 2026SCHEDULE 13D/A
  2. Aug 27, 20266-K
  3. Aug 13, 20266-K
  4. Aug 7, 2026D
  5. Aug 4, 20266-K
  6. Jul 23, 20266-K
  7. Jul 9, 20266-K
  8. Jul 7, 2026D
  9. Jun 29, 20266-K
  10. Jun 25, 20266-K
  11. Jun 22, 20266-K
  12. May 26, 20266-K
  13. May 14, 20266-K
  14. May 11, 20266-K
  15. May 5, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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